Partnership — XAT Previous-Year Questions
2 previous-year questions on Partnership from XAT, with full solutions. Practise free — check answers as you go; sign in to save your progress.
Partnership · XAT PYQs
X, Y and Z start a web-based venture together. X invests Rs. 2.5 lakhs, Y invests Rs. 3.5 lakhs, and Z invests Rs. 4 lakhs. In the first year, the venture makes a profit of Rs. 2 lakhs. A part of the profit is shared between Y and Z in the ratio of 2 : 3, and the remaining profit is divided among X, Y and Z in the ratio of their initial investments.
The amount that Z receives is four times the amount that X receives. How much amount does Y receive?
Answer the following question based on the information given below.
The following pie chart shows the percentage distribution of runs scored by a batsman in a test innings.
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Ram and Shyam form a partnership (with Shyam as working partner) and start a business by investing Rs. 4000 and Rs. 6000 respectively. The conditions of partnership were as follows:
- In case of profits till Rs. 200,000 per annum, profits would be shared in the radio of the invested capital.
- Profits from Rs. 200,001 till Rs. 400,000 Shyam would take 20% out of the profit, before the division of remaining profits, which will then be based on ratio of invested capital.
- Profits in excess of Rs. 400,000, Shyam would take 35% out of the profits beyond Rs. 400,000, before the division of remaining profits, which will then be based on ratio of invested capital.
If Shyam’s share in a particular year was Rs. 367000, which option indicates the total business profit (in Rs.) for that year?